Latest blogs for Specialisms

7th December 2021 Sustainable farming incentive

It is premature to shout from the rooftops “The King is dead. Long live the King” but nevertheless the Single Farm Payment regime is in terminal decline and we begin to see the future in the form of the Sustainable Farming Incentive. Following trials this new scheme will be launched in 2022 with a 10…

2nd December 2021 Tax exemption of Christmas parties/gifts

Businesses may be hoping they can hold their annual Christmas parties this month. Providing the event is annual, open to all employees and the total cost, including VAT, is less than £150 per person (including non employee guest attendees), this will be a non-taxable benefit in kind (ie free of PAYE tax and National Insurance…

1st December 2021 COVID: Business interruption insurance claims?

Those businesses with comprehensive commercial insurance cover will possibly be covered for ‘business interruption’. This cover will typically include costs/losses arising from events that close or severely disrupt operations. The COVID pandemic has already led to many claims under this. The insurance industry (as you might expect?) has warned that few policies are likely to…

10th November 2021 Which Xero package is right for me?

If you’ve never used a cloud software before coming to a decision on what package to choose can be quite daunting. Well, in this blog I am going to summarise what different packages are available and tell you what each package does and also, what it doesn’t do.   There are three packages that Xero…

10th November 2021 IR35 tax bill of £281k for Sky presenter

HRMC continue their campaign against broadcasters, with another successful case against former Sky presenter Dave Clark. Mr Clark presented and commentated on professional darts tournaments, and tried to argue his company’s relationship to Sky was one of self-employment.   His appeal has been rejected, with almost all the usual “badges of trade” having failed. Sky…

5th November 2021 Trustees’ Week – Thanking all trustees

At Whitings LLP we have many trustee contacts that play such a vital role in the charities we act for.   Trustees play an essential role in the governance of charities. They have the skills, knowledge and experience required to contribute to the trustee board of the charity. They also have a strong personal commitment…

4th November 2021 Super early retirement? – Not if under 47 now

The government is to increase the earliest age pension savers can access their pension pots from 55 to 57, wef 6 April 2028. Members of the firefighters, police and armed forces public service schemes will not be affected by this increase.

4th November 2021 Trustees’ Week – Recruiting trustees to your charity

Recruitment, selection and induction of trustees is very important in the activities of a charity. It is important that the trustee board of a charity is varied and provides the charity with a mix of skills and experience it needs.   The responsibility for recruitment of new trustees rests with the existing trustee board, who…

3rd November 2021 Trustees’ Week – How to become a trustee

  Many people decide to become a trustee to be able to give back to their communities. It is an exciting opportunity to benefit society and make a difference.   Trustees give their time, skills and experience to a good cause, but they can also learn new and useful skills in their role too.  …

2nd November 2021 Trustees’ Week – What is a trustee?

  Charity law (the Charities Act 2011) describes charity trustees as ‘the persons having the general control and management of the administration of a charity’.   All properly appointed members of a charity are trustees in law, regardless of the title they have received. All trustees share equal responsibility for the charity and must always…